🔹It seemed that the rare political consensus in the USA regarding cryptocurrency regulation was about to bear fruit. But things did not turn out as expected. Washington is once again demonstrating its ability to stifle innovation, and this time, stablecoins are in the crosshairs.
🔹Recent events have shocked the crypto community: 9 Democrats abruptly changed their position and withdrew support for the previously agreed Senate bill on stablecoins. Ironically, four of these senators were among the authors of that same bill!
🔹What caused such an unexpected turnaround? So far, the details remain murky, but one thing is clear: Regulatory uncertainty continues to loom, casting a shadow over the future of digital currencies in the USA.
🔹This incident highlights the complexity of political processes and the differences in views on the regulation of crypto assets even among members of the same party. Instead of becoming a catalyst for innovation, Washington is once again showing its tendency towards excessive caution, risking losing leadership in this promising field.
🔹The crypto community is expressing concern and disappointment at this turn of events. Many fear that further delays in the regulation of stablecoins could undermine trust in digital currencies and slow their adoption.